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Prince Edward Island
Liquor Control Commission
Annual Report
2014-2015
Operational Overview
2014-2015 Year in Review
Goal 1
Financial Performance
Goal
To maximize net income within
the policy guidelines established
by the provincial government.
Objectives
1. Achieve or exceed planned monetary transfer to the
Provincial Government.
2. Achieve or exceed net income targets.
3. Increase traffic through liquor stores.
Actual
2013-2014
Budget
2014-2015
Actual
2014-2015
% of 2014-2015
Budget
Budget
2015-2016
Gross Receipts
$99,210,557 $104,033,595 $101,441,045
97.51% $102,980,000
Gross Profit
30,892,170
33,714,600
31,690,260
94.00% 32,644,400
Operating Expenses
14,109,230
14,317,700
14,221,571
99.33% 14,506,000
Net Income
19,018,117
21,839,000
19,706,475
90.24% 20,647,000
Monetary Transfers*
36,605,019
39,939,000
37,684,265
94.35% 39,066,000
The Prince Edward Island Liquor Control Commission’s Strategic Plan continued to guide activities
through fiscal 2014-2015. Progress on strategic objectives is supported by annual business plans
that set priorities for actions to meet objectives and timelines for their completion. The following is
an overview of the performance in each of the five strategic objectives
The PEI Liquor Control Commission delivered
both an increased net profit and an increased
transfer to the provincial government in fiscal
2014-2015.
Gross receipts were $101,441,045 for the
fiscal year ended March 31, 2015, an increase
of $2,230,488 over the previous year. This
increase came as a result of new sales and
marketing initiatives.
Net transfers for the year totaled $37,684,265.
This year’s performance resulted in a
$1,079,246 increase in the PEILCC’s
contribution to the province over the
previous year.